JUDI.AI’s CEBA Digital Solution Processes Over $150 Million in Loan Applications

On March 27th, the Federal Government announced the $25 billion Canada Emergency Business Account (CEBA), as part of its loan and loan-guarantee program, the Business Credit Availability Program (BCAP), to support small businesses in the era of COVID-19.  This announcement left many financial institutions scrambling to produce a solution that would process the influx of online loan applications they were anticipating. With local branches reducing operating hours and staff shifting to home offices, banks and credit unions were…

The SMB Lending Landscape in 2020

On average, small and medium business (SMB) owners have less than one month of cash buffer[1]. So when a new opportunity comes around to invest in expanding–or additional cashflow is required to sustain the business through a dry spell, SMBs apply for a loan in order to keep the business running.   Most small business…

Yes, Canada, Open Banking is Working in Britain

A new article from the Globe and Mail highlights how open banking is working in Britain, noting benefits already observed and one very important lesson learned Canadian lawmakers should take note of.  If you want to skip our summary and read the whole article, click here. And, if you don’t subscribe to the Globe and Mail, don’t…

How To Keep Your SMB Loan Book Profitable

Making an SMB Loan Book Profitable    You can grow a profitable SMB loan book quickly and efficiently, but you have to be prepared to change your processes if they aren’t already automated. Expectations around the customer journey are constantly evolving. As a result, consumers now expect instant gratification in the services they receive from…

Partnering with a FinTech

Digital transformation has made headline news across many financial publications and the message is always the same: FI’s beware! Embrace digital transformation or risk becoming irrelevant. However, the digital transformation of any financial institution is a BIG job and there are so many FinTechs out there…so where should you begin? At JUDI.AI we equate your…